A third-party intelligence firm used by high-street banks in the UK gathers data on “adverse media” coverage of customers and social media posts.
World-Check Risk Intelligence, which is owned by Refinitiv, a member of the London Stock Exchange Group, helps institutions vet clients in line with finance laws. Its website says it gathers information on “adverse media”, as well as politically exposed persons (PEPs). It also explains it can hold “postings on website, blogs or social media”.
World-Check is thought to be used by a number of British high-street banks to screen PEPs or other customers as part of “know your client” and anti-money laundering regulations. It includes customers deemed a reputational risk, amid concerns some lenders are “debanking” those with controversial political views.
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